Company News: El Nino Ventures
Updated: 26 Jan 2012
El Niño Ventures (ELN) is an exploration company focused on locating base metal and precious metals resources.
The following are the three primary ELN projects.
Murray Brook
Located in the province of New Brunswick, Canada, this deposit had past production of precious metals from gossan cap on zinc-copper-lead massive sulphides. Precious metal production was 45,000 ounces of gold and 315,000 ounces of silver.
Historic resources reported by Novagold Resources (1988) were as follows:
20 Mt grading:
1.4% Zn, 0.3% Cu, 0.6% Pb, 25 g/t Ag, 0.3 g/t Au
Non-compliant with NI43-101
During an evaluation at a time of low base metal prices, an opportunity to define an economic deposit of the massive sulphides was identified.
The most recent phase of drilling was completed in November 2011. Sixty vertical holes totalling 10,300 metres were drilled, including in-fill drilling of the deposit for higher grades and indicated resources.
The NI 43-101 resource estimate is to be completed in early 2012. To read more on this project click here.
Bathurst
Located in the province of New Brunswick, Canada, this base metal mining camp is covered by a Tri-Party Option Agreement with Xstrata Zinc Canada and Votorantim Metals Canada, comprising a total of 4,712 claims.
Votorantim may earn 50% interest in the Bathurst Mining Camp project by incurring exploration expenditures of CAD $10 million over a period of five years. Votorantim may elect to increase its interest to 70% by investing an additional CAD $10 million over the following two years.
ELN will retain a 25% interest in their 1,805 claims and a 25% interest in any new mineral claims staked subsequently by the named parties within the area of interest. To read more on this project click here.
Kasala
For further information regarding status of the proceedings in the DRC or British Columbia, please contact a representative.
- 650 - 555 West 12th Avenue
- Vancouver
- BC
- V5Z 3X7
- Canada
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